Rate exception management tool
AssigneeWachovia Corporation
InventorsBrian Patrick Butler, Kimberly Robin Nelson, Cecelia Mason Oakley Gray
Life of this patent
Estimating the term…
Abstract
The innovation relates to a system and/or methodology for the convenient and consistent determination of rate exceptions for banking products. The system provides for a rate exception component that determines one or more proposed exception rates based on a customer's score, and information regarding the competitive banking environment for similar banking products. The customer scores and competitive banking environment data are determined by a data analytics component, which can update the data at regular intervals or when modifications to the data occur.
Claims21
A system, comprising:
- a data analytics component that determines at least one of a customer score, or a set of branch data;
- and
- a rate exception component that determines at least one proposed rate exception for at least one of a deposit account, an investment account, or a credit account based at least in part on at least one of the customer score or the branch data.
A method, comprising:
- analyzing at least one of a customer score, or a set of branch data;
- and
- generating at least one proposed rate exception for at least one of a deposit account, an investment account, or a credit account based at least in part on at least one of the customer score or the branch data.
A system, comprising:
- means for determining at least one of a customer score, or a set of branch data, wherein the customer score is based at least in part on the customer's relationship with a financial institution, the relationship includes including at least one of a customer's account types, account balances, prior refunds, or length of patronage, and the branch data is based at least in part on the competitive environment, the competitive environment including at least one of a street, a city, a state, a region, a country, a market, or an economy;
- and
- means for determining at least one proposed rate exception for a money market account based at least in part on at least one of the customer score or the branch data.
Dependencies are inferred from the claim text.